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Newest article: Re: Phil increases stake in club by BaldersToday 18:38Today at 18:38:00view thread
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Phil increases stake in club
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https://www.stevenagefc.com/news/2025/december/10/stevenage-fc-receive-new-capital-/?fbclid=Iwb21leAOmh7tjbGNrA6aHnWV4dG4DYWVtAjExAHNydGMGYXBwX2lkDDM1MDY4NTUzMTcyOAABHmtFCjG8O3SFeKG5w6szfzYgoOycIqMkOM9rVTJ4ZtFKqqnXVxu23D9jkjw-_aem_8iE0bvjL486Rmz36PE5pCg
He said it's to replace our current losses. I'll have to admit I'm a bit out of my depth but if our losses for the 2024/25 tax year are 10.5% of the value of the club, despite our boosted attendances and low transfer spending, isn't that an issue?
My other thought is maybe this is us gearing up to spend some serious money (by our standards) on a new forward in January.
Edited by StirlingBoro91 at 17:10:36 on 10th December 2025
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Re: Phil increases stake in club
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It's as if professional football below the Premier League is completely unsustainable financially.
Most clubs would go bust (Boro included) without philanthropic funding from a benevolent owner (or owners).
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Re: Phil increases stake in club
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Right but we've always been one of the best run (from a financial perspective) clubs in the lower leagues.
Does anyone know how often Phil does these cash injections?
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Re: Phil increases stake in club
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I would have thought virtually every year that he's owned the club to varying degrees (since 2002?). The mechanism(s) for putting money in may have changed over the years though.
Edited by BrummieBoro at 17:49:32 on 10th December 2025
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Re: Phil increases stake in club
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Right but 10.5% is quite a lot. He can't have feasibly been doing that much every year.
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Re: Phil increases stake in club
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Have you seen his net worth?
He can afford it.
Neil Metcalfe broke this news last week.
Edited by BALDOCKBORO at 18:27:24 on 10th December 2025
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Re: Phil increases stake in club
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Right but it's not about if he can afford it but more about club sustainability surely?
I've always taken comfort from the fact that even when we had bad seasons we were still running better than 90% of clubs in the league from a financial perspective.
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Re: Phil increases stake in club
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And with this latest injection, we will still be sustainable.
But when Phil says "What’s clear though is that costs have risen dramatically in the past few years"
He means player wages, everything else is just normal inflation.
And as Chairman, he's voluntarily paying those wages at the level necessary to compete. He could refuse to play a part in wage inflation, but without all the other owners doing so, from the Conference to the Championship, he'd get crucified and we'd be rather uncompetitive.
So he either plays the game and keeps coughing up as costs spiral, or gets out, and he has no interest, fortunately, in getting off them pot.
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